Zcash Market Cap Hits $1.57 Billion (ZEC)

Zcash (CURRENCY:ZEC) traded 6.3% higher against the US dollar during the 24-hour period ending at 10:00 AM Eastern on February 14th. One Zcash coin can currently be bought for $477.68 or 0.05175750 BTC on major exchanges including Exrates, CoinExchange, Waves Decentralized Exchange and Gate.io. Zcash has a total market cap of $1.57 billion and $94.20 million worth of Zcash was traded on exchanges in the last day. During the last seven days, Zcash has traded up 26.9% against the US dollar.

Here’s how other cryptocurrencies have performed during the last day:

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Bitcoin Gold (BTG) traded up 8.2% against the dollar and now trades at $128.25 or 0.01389670 BTC.

ZClassic (ZCL) traded 28.4% higher against the dollar and now trades at $169.48 or 0.01836380 BTC.

Komodo (KMD) traded up 6.3% against the dollar and now trades at $4.29 or 0.00046481 BTC.

ZenCash (ZEN) traded up 8.4% against the dollar and now trades at $39.78 or 0.00431053 BTC.

Hush (HUSH) traded 15% higher against the dollar and now trades at $2.66 or 0.00028956 BTC.

Zero (ZER) traded 10.2% higher against the dollar and now trades at $1.66 or 0.00018001 BTC.

Zcash Profile

Zcash (CURRENCY:ZEC) is a proof-of-work (PoW) coin that uses the Equihash hashing algorithm. It was first traded on October 28th, 2016. Zcash’s total supply is 3,277,519 coins. Zcash’s official message board is forum.z.cash. The official website for Zcash is z.cash. Zcash’s official Twitter account is @zcashco and its Facebook page is accessible here.

According to CryptoCompare, “ZCash is a privacy driven cryptocurrency. It uses the Equihash as an algorithm, which is an asymmetric memory-hard Proof of Work algorithm based on the generalized birthday problem. It relies on high RAM requirements to bottleneck the generation of proofs and making ASIC development unfeasible. ZCash uses zero-knowledge Succinct Non-interactive Arguments of Knowledge (zk-SNARKs) to ensure that all information (sender, reciever, ammount) is encrypted, without the possibility of double-spending. The only information that is revealed regarding transactions is the time in which they take place. Block explorer data from https://explorer.zcha.in/ “

Buying and Selling Zcash

Zcash can be purchased on the following cryptocurrency exchanges: Bitlish, YoBit, C-CEX, Cryptopia, WEX, Waves Decentralized Exchange, Qryptos, BTC-Alpha, Kraken, Allcoin, LiteBit.eu, Exmo, Exrates, Coinrail, Coinroom, Bithumb, OKEx, Abucoins, CEX.IO, BigONE, HitBTC, LocalTrade, Cryptomate, CoinExchange, Bitfinex, Lbank, Tux Exchange, Bittrex, Huobi, Bit-Z, Gate.io, BCEX, Poloniex, GOPAX, CoinEx, BX Thailand, Mercatox, Trade Satoshi, Binance, Upbit, The Rock Trading and Altcoin Trader. It is not currently possible to purchase Zcash directly using U.S. dollars. Investors seeking to acquire Zcash must first purchase Bitcoin or Ethereum using an exchange that deals in U.S. dollars such as Coinbase, GDAX or Gemini. Investors can then use their newly-acquired Bitcoin or Ethereum to purchase Zcash using one of the exchanges listed above.